The list of challenges facing the Bank of England (and the Treasury) is growing. Brexit is back with a bang, and there’s a growing risk that the transition period will end with no trade agreement in place between the UK and the EU. With-or-without a deal, there will be new costs for businesses, and that will affect some sectors that have so far been less-impacted by the pandemic (agriculture is a good example). But without a trade agreement in place, there’s unlikely to be many measures to mitigate the potential disruption at the ports, and the overall impact is likely to drag on the UK’s post-Covid recovery. One ... (full story)